H. B. Fuller Co. (FUL) VP James R. Giertz Sells 25,000 Shares of Stock
H. B. Fuller Co. (NYSE:FUL) VP James R. Giertz sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $45.79, for a total value of $1,144,750.00. Following the transaction, the vice president now owns 108,121 shares of the company’s stock, valued at approximately $4,950,860.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of H. B. Fuller Co. (NYSE:FUL) opened at 46.49 on Thursday. The firm’s 50-day moving average price is $46.79 and its 200-day moving average price is $45.18. H. B. Fuller Co. has a 12 month low of $32.49 and a 12 month high of $48.83. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 21.62 and a beta of 1.75.
H. B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, September 21st. The company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a return on equity of 13.66% and a net margin of 5.32%. During the same period last year, the firm posted $0.61 EPS. Equities research analysts expect that H. B. Fuller Co. will post $2.49 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in H. B. Fuller by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,400,040 shares of the company’s stock worth $193,558,000 after buying an additional 145,591 shares during the period. Mairs & Power INC boosted its stake in H. B. Fuller by 0.5% in the second quarter. Mairs & Power INC now owns 3,526,526 shares of the company’s stock worth $155,132,000 after buying an additional 18,313 shares during the period. BlackRock Fund Advisors boosted its stake in H. B. Fuller by 3.4% in the second quarter. BlackRock Fund Advisors now owns 3,331,107 shares of the company’s stock worth $146,535,000 after buying an additional 109,588 shares during the period. Franklin Resources Inc. boosted its stake in H. B. Fuller by 3.1% in the first quarter. Franklin Resources Inc. now owns 2,680,846 shares of the company’s stock worth $113,801,000 after buying an additional 80,121 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in H. B. Fuller by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,790,936 shares of the company’s stock worth $78,781,000 after buying an additional 144,249 shares during the period. Institutional investors and hedge funds own 89.00% of the company’s stock.
A number of equities analysts recently issued reports on FUL shares. Deutsche Bank AG dropped their price objective on H. B. Fuller from $50.00 to $47.00 and set a “hold” rating for the company in a report on Friday, September 23rd. Zacks Investment Research cut H. B. Fuller from a “hold” rating to a “sell” rating in a report on Monday, August 22nd. Finally, Seaport Global Securities upgraded H. B. Fuller from an “accumulate” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $51.00 in a report on Monday.
About H. B. Fuller
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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